KBC Group NV raised its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 21.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,138 shares of the specialty retailer’s stock after acquiring an additional 1,426 shares during the quarter. KBC Group NV’s holdings in Ulta Beauty were worth $1,840,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sun Life Financial INC increased its stake in shares of Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 419 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Ulta Beauty in the second quarter valued at $157,000. QS Investors LLC increased its stake in shares of Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 6 shares in the last quarter. Cypress Capital Group acquired a new stake in shares of Ulta Beauty in the second quarter valued at $218,000. Finally, QCM Cayman Ltd. acquired a new stake in shares of Ulta Beauty in the second quarter valued at $248,000. 89.09% of the stock is owned by institutional investors.
Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at $216.14 on Tuesday. The company has a market capitalization of $13,695.23, a PE ratio of 29.24, a P/E/G ratio of 1.39 and a beta of 0.55. Ulta Beauty Inc. has a 12-month low of $187.96 and a 12-month high of $314.86.
A number of analysts have recently weighed in on the company. Piper Jaffray Companies restated an “overweight” rating and issued a $260.00 target price (down from $330.00) on shares of Ulta Beauty in a research note on Tuesday, September 5th. Robert W. Baird restated an “outperform” rating and issued a $295.00 target price (down from $335.00) on shares of Ulta Beauty in a research note on Friday, August 25th. They noted that the move was a valuation call. Jefferies Group restated a “positive” rating and issued a $221.64 target price (down from $300.00) on shares of Ulta Beauty in a research note on Tuesday, December 5th. Royal Bank of Canada set a $225.00 target price on Ulta Beauty and gave the company a “hold” rating in a research note on Friday, December 1st. Finally, Oppenheimer restated a “hold” rating on shares of Ulta Beauty in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $257.39.
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Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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